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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
  • Sep/19/23 2:19:02 p.m.
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Mr. Speaker, the inflation rate is accelerating again, proving that after eight years in office, this Prime Minister is just not worth the cost. Inflation is higher in Canada than it is in the United States or Japan. The cost of everything is rising, even though the Prime Minister and his ministers announced that inflation was going to fall. The reality is that these rising costs are the result of an inflationary deficit that the government racked up five months ago. That money is now circulating in the economy and inflating prices. We can even hear apocalyptic music in the background. When is he finally going to balance the budget to lower inflation and interest rates?
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  • Sep/19/23 2:22:05 p.m.
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Mr. Speaker, today's accelerating inflation rate proves that after eight years, the Prime Minister is just not worth the cost. After he and his ministers pumped their fists in the air and declared victory over inflation, it has now gone up 43% in two months. Through all categories, it is higher in Canada than it is in the United States and Japan. Worse, it may force the Bank of Canada to raise interest rates again, causing Canadian households, which are the most indebted in the G7, to go bankrupt. Will he balance the budget to bring down inflation and rates before that nightmare unfolds?
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  • Sep/19/23 2:47:02 p.m.
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Mr. Speaker, two months ago, the finance minister declared victory over inflation. However, just today, inflation went up again: over 43% since that declaration. Even former Liberal finance ministers Bill Morneau and John Manley agree deficits lead to inflation, yet the government keeps piling more and more on the inflationary fire, which is costing more and more Canadians their homes. Does the Prime Minister have any plans to keep his promise to balance the budget so Canadians can keep their homes?
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